CEMVX vs. CIOVX
Compare and contrast key facts about Causeway Emerging Markets Investor (CEMVX) and Causeway International Opps Fd (CIOVX).
CEMVX is managed by Causeway. It was launched on Mar 30, 2007. CIOVX is managed by Causeway. It was launched on Dec 30, 2009.
Performance
CEMVX vs. CIOVX - Performance Comparison
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CEMVX vs. CIOVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMVX Causeway Emerging Markets Investor | 1.84% | 35.92% | 14.62% | 16.83% | -23.20% | -1.10% | 16.73% | 16.39% | -18.06% | 39.48% |
CIOVX Causeway International Opps Fd | -4.40% | 36.68% | 8.35% | 24.39% | -11.28% | 6.38% | 5.21% | 21.40% | -18.62% | 29.39% |
Returns By Period
In the year-to-date period, CEMVX achieves a 1.84% return, which is significantly higher than CIOVX's -4.40% return. Both investments have delivered pretty close results over the past 10 years, with CEMVX having a 8.72% annualized return and CIOVX not far ahead at 8.98%.
CEMVX
- 1D
- -2.67%
- 1M
- -12.77%
- YTD
- 1.84%
- 6M
- 8.11%
- 1Y
- 37.54%
- 3Y*
- 20.89%
- 5Y*
- 6.07%
- 10Y*
- 8.72%
CIOVX
- 1D
- 0.60%
- 1M
- -13.89%
- YTD
- -4.40%
- 6M
- 2.34%
- 1Y
- 21.29%
- 3Y*
- 16.38%
- 5Y*
- 9.36%
- 10Y*
- 8.98%
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CEMVX vs. CIOVX - Expense Ratio Comparison
CEMVX has a 1.36% expense ratio, which is higher than CIOVX's 1.20% expense ratio.
Return for Risk
CEMVX vs. CIOVX — Risk / Return Rank
CEMVX
CIOVX
CEMVX vs. CIOVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Investor (CEMVX) and Causeway International Opps Fd (CIOVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CEMVX | CIOVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.16 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.40 | 1.60 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.27 | +1.24 |
Martin ratioReturn relative to average drawdown | 9.61 | 4.86 | +4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEMVX | CIOVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.16 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.56 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.49 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.38 | -0.12 |
Correlation
The correlation between CEMVX and CIOVX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CEMVX vs. CIOVX - Dividend Comparison
CEMVX's dividend yield for the trailing twelve months is around 2.22%, less than CIOVX's 9.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMVX Causeway Emerging Markets Investor | 2.22% | 2.26% | 3.45% | 4.55% | 4.40% | 22.65% | 1.18% | 1.79% | 1.54% | 1.36% | 1.30% | 1.48% |
CIOVX Causeway International Opps Fd | 9.12% | 8.72% | 9.86% | 2.51% | 2.52% | 1.38% | 1.20% | 2.34% | 2.53% | 1.33% | 3.74% | 1.44% |
Drawdowns
CEMVX vs. CIOVX - Drawdown Comparison
The maximum CEMVX drawdown since its inception was -69.02%, which is greater than CIOVX's maximum drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for CEMVX and CIOVX.
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Drawdown Indicators
| CEMVX | CIOVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.02% | -43.70% | -25.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -14.92% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -36.87% | -30.18% | -6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -43.70% | +3.82% |
Current DrawdownCurrent decline from peak | -13.68% | -14.41% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -8.65% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.91% | -0.32% |
Volatility
CEMVX vs. CIOVX - Volatility Comparison
Causeway Emerging Markets Investor (CEMVX) has a higher volatility of 9.51% compared to Causeway International Opps Fd (CIOVX) at 7.48%. This indicates that CEMVX's price experiences larger fluctuations and is considered to be riskier than CIOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMVX | CIOVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 7.48% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 11.40% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 17.48% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 16.87% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 18.30% | -0.20% |